Latest news: Kevin Hassett, economic advisor to the White House: Significant progress has been made in the Sino-US trade negotiations. If Basenton talks well with the Chinese side, the US will lift export controls. [Smart Comment]: Previously, Hassett mentioned that Washington is willing to relax export restrictions in exchange for China lifting restrictions on rare earth supplies. However, the US side has not clearly specified which specific products' export restrictions will be relaxed. Nevertheless, Hassett clearly stated that "very very high-end Nvidia products" are not within the scope of this relaxation. Some people believe that at this point, it's better to hold out longer instead of reaching an agreement with the US too quickly. This view is not without merit. Regarding rare earth supplies, we should reasonably control the pace and quantity to avoid giving the US a chance to stockpile. Once the US reneges and backtracks, the strategic lever of rare earths still needs to continue playing its role. Original article: https://www.toutiao.com/article/1834500179429379/ Disclaimer: The article solely represents the author's personal views.